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Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/
Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Key Timing for Adoption? Crypto Goes Mainstream With TV, Newspaper Ads

Source Node: https://cointelegraph.com/news/key-timing-for-adoption-crypto-goes-mainstream-with-tv-newspaper-ads
Time Stamp: August 18, 2020 12:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries such as the United States have seen their central banks resort to extended quantitative easing in order to stimulate their financial ecosystems.Some analysts believe that this continual fiscal stimulus is part of the reason that the cryptocurrency market is enjoying relative success compared with its traditional financial counterparts.The likes of Anthony Pompliano, co-founder of

The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

Source Node: https://beincrypto.com/ethereum-2-0-testnet-performing-well-1-million-eth-staked/
Time Stamp: August 10, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Ethereum is Showing Early Signs of Weakness; Is the Top in?

Source Node: https://bitcoinist.com/ethereum-is-showing-early-signs-of-weakness-is-the-top-in/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-showing-early-signs-of-weakness-is-the-top-in
Time Stamp: August 7, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum, like Bitcoin, is facing a bout of consolidation as it trades below its crucial near-term resistance This level has held strong throughout the past several days, and each attempt to break above $400 has been met with an influx of selling pressure One result of this consolidation phase has been the emergence of multiple bearish signals that all point to imminent downside Analysts believe that unless ETH gains ground against BTC, it could be forming a local top on its USD trading pair This could mean significant downside is

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Source Node: https://bitcoinmagazine.com/articles/bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments
Time Stamp: August 4, 2020 4:10 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have

Bitcoin is Overvalued at $11,000, Analyst Explains Why

Source Node: https://bitcoinist.com/bitcoin-is-overvalued-at-11000-analyst-explains-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-overvalued-at-11000-analyst-explains-why
Time Stamp: August 4, 2020 4:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin stands overvalued at $11,000 in the short-term, according to analysts at Phi Deltalytics. The statement followed a drop in net positions on Chicago Mercantile Exchange’s Bitcoin Futures last week. It showed institutional investors are bearish, a sentiment that amounts to a correction in the Bitcoin market. A cheerful Bitcoin price rally above $11,000 is unlikely to sustain in the short-term, according to analysts at Phi Deltalytics. Bitcoin CME Positions Fall The crypto-focused investment consultation portal said the BTC/USD stands overvalued above $11,000. It reasoned the analogy with a drop